TY  - RPRT
        AU  - Gächter, Simon
AU  - Huang, Lingbo
AU  - Sefton, Martin
        TI  - Combining 'Real Effort' with Induced Effort Costs: The Ball-Catching Task
        PY  - 2015/May/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 9041
        UR  - https://www.iza.org/index.php/publications/dp9041
        AB  - We introduce the "ball-catching task", a novel computerized real effort task, which combines “real” efforts with induced material cost of effort. The central feature of the ball-catching task is that it allows researchers to manipulate the cost of effort function as well as the production function, which permits quantitative predictions on effort provision. In an experiment with piece-rate incentives we find that the comparative static and the point predictions on effort provision are remarkably accurate. We also present experimental findings from three classic experiments, namely, team production, gift exchange and tournament, using the task. All of the results are closely in line with the stylized facts from experiments using purely induced values. We conclude that the ball-catching task combines the advantages of real effort with induced values, which is useful for theory-testing purposes as well as for applications.
        KW  - online real effort experiments
KW  - tournaments
KW  - experimental design
KW  - real effort task
KW  - induced values
KW  - piece-rate theory
KW  - incentives
KW  - team incentives
KW  - gift exchange
        ER  -